Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 16.0%
  • Property ID: 2012416
  • Posted On: Jan 19, 2023
  • Updated On: Apr 18, 2023


Sites Total: 24

Vacant Lots: 12
Rental Homes Owned: 11
Resident Owned Homes: 1

Also has 1 stick built home (Manager pays $250)

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Located centrally between Cleveland and Pittsburgh.

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Park Information

Community Type: All Age
Number of MH Lots: 24
Total Occupancy: 50.0 %
Year Built: 1969
Average MH Lot Rent: $225
Size: 2 acre(s)

Financial Information (Actual)

Gross Income $65,520
Operating Expense $21,595
Net Operating Income $43,925
Expense Ratio 33.0 %
Debt Info

Utility Information

Water: Well
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 11
Average Rent for Park-owned Homes: $500

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